Billy Crystal hosts again, and this year is a milestone for the filmmakers responsible for bringing the world of Middle-Earth to the big screen. The 3rd Lord Of The Rings movie, The Return Of The King, became the first (and so far only) fantasy film to win the Best Picture prize. Blake Edwards was given an honorary Oscar for his extraordinary writing, producing and directing.

Lord Of The Rings: The Return Of The King won all 11 Academy Awards it was nominated for: Best Picture, Best Director, Best Adapted Screenplay, Best Original Score, Best Original Song (Into The West), Best Sound Mixing, Best Art Direction, Best Costume Design, Best Makeup, Best Film Editing, and Best Visual Effects